Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
In Q2 the average crack spread for HY was Us$23. Q3 should be around Usd 40. But what we don't know is how the high transport cost affect the crack spread. But making Rm600m shud not be a problem.
US news report that US and Israel are considering to attack Iran after US mid term elections. Brent is now 112. If that happens, oil will go ballistic this time as the oil reserves are depleted. So we are looking at $150 or more. And staring at global recession. Only energy stocks will go up in that case. Massive inflation. 2 more weeks to election in US.
Goldman forecasts global diesel and jet-fuel crack spreads — the premium refined products command over crude — will average above $40 per barrel in 2027, more than twice their usual level of around $20.
